Business

Valley jobless rates up in Feb. over ’16

WARREN — Area unemployment rates jumped last month over where they were in February 2016. February’s overall jobless rate in the metropolitan area made up of Trumbull and Mahoning counties was 8.1 percent, up from 7.2 percent the same month last year and from 7.6 percent in January, ...

Local bank stocks end Tuesday mixed

Local financial stocks were mixed following trading Tuesday. First Niles Financial stood pat for a second day in a row to close at $10.95 a share. However, Cortland Bancorp lost 35 cents to close at $17.90 a share.

Worries sink stock market

NEW YORK (AP) — Worries that Washington may not be able to help businesses as much as once thought knocked stock indexes down hard early Monday, but they clawed back most of their losses and ended the day mixed. The Standard & Poor’s 500 index fell 2.39 points, or 0.1 percent, to ...

Business and labor at a glance

British banks need roots FRANKFURT, Germany — A top banking supervisor says that British banks must put down solid roots if they want European banking licenses to keep access after the UK leaves the European Union. Sabine Lautenschlaeger said Monday that banks seeking licenses in the EU ...

Manufacturer: Drones may transmit identifier

WASHINGTON (AP) — The world’s largest manufacturer of civilian drones is proposing that the craft continually transmit identification information to help government security agencies and law enforcement figure out which might belong to rogue operators. DJI, a Chinese company, said in a ...

Uber resumes self-driving car program after brief suspension

NEW YORK (AP) — Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The company had also grounded self-driving cars in San Francisco over the weekend but they resumed operating earlier on Monday. The ...

N.C. ‘bathroom bill’ to cost state $3.76B in lost business

RALEIGH, N.C. (AP) — Despite Republican assurances that North Carolina’s “bathroom bill” isn’t hurting the economy, the law limiting LGBT protections will cost the state more than $3.76 billion in lost business over a dozen years, according to an Associated Press analysis. Over the ...

Business briefs

ALCON, ARGOS JOIN BUILDERS ASSOCIATION: Builders Association of Eastern Ohio and Western Pennsylvania, which represents employers in Trumbull, Columbiana and Mahoning counties in Ohio and Mercer and Lawrence counties in Pennsylvania, announced the addition of two new members. Alcon Mechanical ...

Warm U.S. winter hurts small companies

NEW YORK — The big snowstorm in the U.S. Midwest and East last week was a respite for some small business owners, after a generally mild winter that has nipped into the revenue of many companies and forced them to rethink their cold-weather strategies. Retailers who sell winter clothing or ...

Death risk rising

WASHINGTON — Middle-age white Americans with limited education are increasingly dying younger, on average, than other middle-age U.S. adults, a trend driven by their dwindling economic opportunities, research by two Princeton University economists has found. The economists, Anne Case and ...

Huntington to commit to affordable housing

WARREN — Huntington Bank said it plans to commit another $150 million this year to ensure affordable housing for residents across Ohio. The additional allocation brings to $513 million the company, in partnership with Ohio Capital Corp. for Housing, has invested over the past seven years, ...

April 1 deadline for required retirement plan distributions

The Internal Revenue Service is reminding taxpayers who turned 70 1/2 in 2016 that, in most cases, they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by April 1. The deadline applies to owners of traditional ...

Arconic to supply aluminum to Toyota

WEATHERSFIELD — Arconic, which has a plant in the township, has announced a multi-year deal with Toyota North America to supply aluminum to the automaker. The aluminum will be used for Toyota’s all-new Lexus RX that debuted last year and became the company’s first vehicle in North ...

First Niles Financial stock surges

Local financial stocks were mixed following trading on Friday. After remaining stagnant for more than a week, First Niles Financial jumped 95 cents to close at $10.95 per share, while Cortland Bancorp, which added 14 cents earlier this week, lost 39 cents to close at $18.25 a share.

Chamber to survey Valley businesses

YOUNGSTOWN — The Youngstown-Warren Regional Chamber is asking Valley businesses to participate in its online 2017 Starting Wages and Benefits survey. The survey differs from other wage surveys in that it focuses on starting, rather than average, wages, according to a chamber news release. ...

No change in local bank stocks

There were no changes to local financial stocks following trading on Thursday. First Niles Financial remained where it’s been since the middle of last week at $10 per share, while Cortland Bancorp, after adding 14 cents earlier in this week, stood pat to close at $18.64 a share.

Panera honors Covelli as Franchisee of Year

WARREN — Covelli Enterprises, the largest franchisee of Panera Bread, has received the Franchisee of the Year award from the bakery-cafe chain. It is the top award a franchise owner in the system can receive, according to a news release from Covelli. The award was presented March 8 in ...

Local bank stocks finish mixed on Tuesday

Local financial stocks were mixed following trading Tuesday. First Niles Financial remained at $10 a share, while Cortland Bancorp gained 10 cents to close at $18.60 a share.

Youngstown Developmental Center to close by summer

MINERAL RIDGE — Some 214 people will be out of work this summer when the the Ohio Department of Developmental Disabilities closes two of its facilities, including the Youngstown Developmental Center on East County Line Road. The department, in a mass layoff notice to the Ohio Department of ...

No change in local bank stocks

Local financial stocks remained unchanged over the weekend. Following trading on Monday, First Niles Financial remained at $10 per share, while Cortland Bancorp closed at $18.50 a share.